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Tapestry Inc - TPR STOCK NEWS

Welcome to our dedicated news page for Tapestry (Ticker: TPR), a resource for investors and traders seeking the latest updates and insights on Tapestry.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Tapestry's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Tapestry's position in the market.

News
Rhea-AI Summary
Coach launches 'Find Your Courage' campaign with virtual human imma and Coach Family, including Lil Nas X and Camila Mendes, to showcase the Spring collection in a virtual universe.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.73%
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News
Rhea-AI Summary
Tapestry, Inc. collaborates with Latinas on the Verge of Excellence to discuss the power of mentorship. The partnership aims to empower young women through mentorship programs focused on personal and professional development. This initiative aligns with Tapestry's commitment to equity, inclusion, and diversity.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.65%
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News
Rhea-AI Summary
Coach unveils its Fall 2024 collection at The James B. Duke House, showcasing a blend of heritage and modernity through Creative Director Stuart Vevers' vision. The collection features authentic New York legacy with a touch of self-expression, combining American classicism with a youthful counter-culture attitude.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.73%
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Rhea-AI Summary
Tapestry, Inc. reported strong financial and strategic highlights for the fiscal second quarter ended December 30, 2023. The company delivered revenue of $2.1 billion, representing 3% growth compared to the prior year, and achieved a gross margin increase of 300 basis points versus last year. Operating profit grew by 7% on a reported basis and 14% on a non-GAAP basis. Diluted EPS was $1.39 on a reported basis, up 3% versus last year, and $1.63 on a non-GAAP basis, up 20% versus last year. The company also generated robust operating and free cash flow of over $800 million, above the prior year. Joanne Crevoiserat, the Chief Executive Officer, expressed confidence in the company's vision and its ability to deliver sustainable growth and shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.54%
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earnings
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Rhea-AI Summary
Tapestry, Inc. has been named one of Fortune's 2024 World's Most Admired Companies for the first time, recognizing their corporate reputation and dedication to innovation, investment value, and global competitiveness. With 21,000 employees, the company emphasizes continuous product innovation, exceptional omnichannel experiences, and an unmatched understanding of the consumer.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.59%
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Rhea-AI Summary
Tapestry, Inc.'s Coach Foundation released its first social impact report, 'The Courage to Dream It Real', celebrating five years of creating opportunities and removing barriers for the next generation. The report shares the achievements of the Dream It Real community, including funding 5,000 scholarships early and a new commitment to fund 10,000 scholarships by 2030. It also highlights real-life stories of scholars and the impact of programs like college scholarships and mentoring. The Coach Foundation has donated over $75 million to cause-driven organizations and established partnerships with non-profits around the world.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.56%
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Rhea-AI Summary
Tapestry, Inc. (NYSE: TPR) will be holding a conference call to discuss the Company’s fiscal 2024 second quarter results on February 8, 2024. The call will be available via phone and webcast, with a telephone replay option for five business days. Investors can access the call by dialing 1-866-847-4217 or 1-203-518-9845 and providing the Conference ID 4693119, or by visiting www.tapestry.com/investors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.17%
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conferences earnings
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Rhea-AI Summary
Tapestry, Inc. (NYSE: TPR) partners with Pivot Energy to develop 33 Megawatts of solar energy in Illinois, committing to purchasing 15 years of Impact Renewable Energy Credits (RECs) and investing in local community organizations. The projects aim to reduce electricity bills, create workforce development opportunities, and deliver clean energy to over 6,000 Illinois households annually.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.77%
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partnership
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Rhea-AI Summary
Tapestry, Inc. (TPR) embodies radical generosity on Giving Tuesday, showcasing the commitment of its brands, including Coach Foundation and kate spade new york, to support mental health and empowerment initiatives for young people and women globally. The Coach Foundation has provided 5,000 scholarships to students, partnered with 8 nonprofits globally, and mentored over 250 students through its Dream It Real Mentor Program. kate spade new york has given over $26M to support mental health and empowerment efforts globally and has committed to supporting 100,000 women and girls with access to mental health resources by 2025. 5% of net sales on November 28, 2023, will be donated to the Tides Foundation to support the mental health and empowerment initiatives of women and girls globally.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.32%
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Rhea-AI Summary
Tapestry, Inc. (TPR) successfully completed a $7.5 billion senior unsecured notes and delayed draw term loans financing, achieving an all-in debt interest rate of 6.5%. The company remains well-positioned to close the acquisition of Capri Holdings Limited, demonstrating confidence in achieving its leverage target and maintaining a solid investment grade rating.
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Rhea-AI Sentiment
End-of-Day
0.32%
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Tapestry Inc

NYSE:TPR

TPR Rankings

TPR Stock Data

10.72B
228.28M
0.3%
93.35%
2.9%
Women's Handbag and Purse Manufacturing
Manufacturing
Link
US
New York

About TPR

our global house of brands unites the magic of coach, kate spade new york and stuart weitzman. by intertwining different people and ideas, we push ourselves in our work, pull out the unexpected in what we create, and expand the bounds of possibility. our brands were created by dreamers who were determined to turn ideas into icons and, with passion, made it happen. we’ve grown by finding people similarly dedicated to the dream all over the world. we hold ourselves to high standards in every material, process, and person that plays a part in our work, and we embrace difference by design because diverse perspectives are at the heart of creativity. we find brilliance in the intersections—of beauty and function, of heritage and innovation, of accessibility and aspiration—which is how we break through with magic and logic in our culture and our craft. the result is that we stand taller together. tapestry elevates the best in our people and brands. we use our collective strengths to move our